1 thought on “Introduction to the Bank of Montreal”
Eric
Bank of Montreal, Canada, Canada's oldest bank 1863. The bank has become a designated bank of the Canadian government. Until the 51 years before the establishment of the Central Bank of Canada in 1934, the Bank of Canada was the second appointment of the Bank of Montreal, which exercised many functions of the Central Bank, such as managing public debt, issuing currency, and protecting the foreign exchange rate of Canada. In 1874, Mongolia made Lyl Bank for the first time as a issuance bank to issue a 800,000 pound bond for Quebec in London. In 1879, the bank became the first bank to issue foreign bonds in the New York market. In the history of the Montreal Bank, it accompanied and participated in almost all major events that decided to decide the Canadian economic process: the first canal, the first railway, the first telegram bureau, the intercontinental railway jujube Canada Pacific Railway, the main large hydropower stations and the The development of energy and mining. With the enhancement of strength, Bank of Montreal uses various opportunities to expand the scope of power. The bank merged the Yameng Exchange Bank in 1903, merged the People's Bank of Harry Fax in 1905, merged Ontario Bank in 1906, and merged the New Polarine People's Bank of Frastricon in 1907 and 1918, respectively. And Britain North America. The bank merged with the Canadian Merchant Bank in March 1922, and merged with Mogson Bank, which was established in 1853 in January 1925 and has a $ 68 million assets and 125 branches. In January 1962, the bank merged with Newfoundland Savings Bank. After this series of mergers and mergers, Montreal Bank has been at the forefront of commercial banks in Canada for a long time. 80s should be more difficult than it. The bank has lost many retail and small commercial customers, but its cost consumption ranks first in other banks in the country. In 1980, the bank's capital recovery rate accounted for the first 5 largest banks in the country, but by 1982, the bank paid more dividends than the $ 1.79 Canadian dollar of the bank's shares. Harris Bankcorp's capital recovery of a wholly -owned subsidiary bank in the United States is also less than 10%. From 1981 to 1989, the bank's personal deposits fell from 20.2%to 17.3%, the largest decline in the six major banks in Canada. At the same time, the bank's private house mortgage loans dropped from 18%to 13.7%, and other loans dropped from 19.4%to 14.2%. The company is the world's top 500 companies.
Bank of Montreal, Canada, Canada's oldest bank
1863. The bank has become a designated bank of the Canadian government. Until the 51 years before the establishment of the Central Bank of Canada in 1934, the Bank of Canada was the second appointment of the Bank of Montreal, which exercised many functions of the Central Bank, such as managing public debt, issuing currency, and protecting the foreign exchange rate of Canada. In 1874, Mongolia made Lyl Bank for the first time as a issuance bank to issue a 800,000 pound bond for Quebec in London. In 1879, the bank became the first bank to issue foreign bonds in the New York market. In the history of the Montreal Bank, it accompanied and participated in almost all major events that decided to decide the Canadian economic process: the first canal, the first railway, the first telegram bureau, the intercontinental railway jujube Canada Pacific Railway, the main large hydropower stations and the The development of energy and mining. With the enhancement of strength, Bank of Montreal uses various opportunities to expand the scope of power. The bank merged the Yameng Exchange Bank in 1903, merged the People's Bank of Harry Fax in 1905, merged Ontario Bank in 1906, and merged the New Polarine People's Bank of Frastricon in 1907 and 1918, respectively. And Britain North America. The bank merged with the Canadian Merchant Bank in March 1922, and merged with Mogson Bank, which was established in 1853 in January 1925 and has a $ 68 million assets and 125 branches. In January 1962, the bank merged with Newfoundland Savings Bank. After this series of mergers and mergers, Montreal Bank has been at the forefront of commercial banks in Canada for a long time.
80s should be more difficult than it. The bank has lost many retail and small commercial customers, but its cost consumption ranks first in other banks in the country. In 1980, the bank's capital recovery rate accounted for the first 5 largest banks in the country, but by 1982, the bank paid more dividends than the $ 1.79 Canadian dollar of the bank's shares. Harris Bankcorp's capital recovery of a wholly -owned subsidiary bank in the United States is also less than 10%. From 1981 to 1989, the bank's personal deposits fell from 20.2%to 17.3%, the largest decline in the six major banks in Canada. At the same time, the bank's private house mortgage loans dropped from 18%to 13.7%, and other loans dropped from 19.4%to 14.2%. The company is the world's top 500 companies.